ETH seen from the temporality of 1W we can observe how the previous candle has closed below the 259 support, the current candle is testing the horizontal now covered in resistance, I have indicated a support in the 196 because if the candle does not succeed in claiming the support, it is very possible that the price will fall towards that point to find bullish impulse again and pass the resistance without any problem.
ETH seen from the temporality of 1D we can observe more closely what is happening in the current candle structure, the previous candle managed to close above
June 13, 2019
(updated June 13, 2019)
Published by toofasteddie
…and the history repeats again and again lately…BITCOIN corrects, STEEM shyly grows, BITCOIN stand up then STEEM goes down…Only yesterday STEEM was growing at 7% rate a day, while BITCOIN was stuck a between -2 and +1% rate, actually STEEM managed to recover from the 64th position to the 54th in a short time and it was really encouraging to see that good signal….
And now, we are back to the start, defending the former position in front of altcoins as the “very well-known” SOLVE or the famous THETA:
Of course if BITCOIN grows strongly, it pushed all the market prices, including STEEM but the thing here is that STEEM does not manage to grow at the same rate, even more, it used to decrease a little in relation with BITCOIN, which indicates that people sells STEEM for BITCOIN, continuously…
Since early April, we have a clear and solid resistance level placed at 0.45 USD. This level has been touched more than 5 times since then, and every time we get a rejection downwards.
50DMA and 200DMA weirdly travelling following the same path…no jumps, everything under “control”…
@steemit , @ned , the majority of the witnesses and some other major whales squeezing the lemon in a “controlled” way, while we, the “dreamer” steemians that still keep being active, try to squeeze their brain while searching for more options, more newcomers, more attention at tweeter, facebook and at everywhere… creating the SPUD day, promoting the Seven77 Challenge, creating palnet.io…
… A few hours ago, I have read a post from @klye which has been bombarded with a massive amount of downvotes of flags or whatever the name they want to use…a very sad situation indeed.
@klye is not only a witness but also a skilled developer, well appreciated, at least in the past, by the developers community at STEEM. This witness fellow decided to stop POWERING DOWN his STEEM stake and so, quit from feeding the exchanges with his “modest” STEEM extracted from the Power-down process…
In my opinion, that’s the kind of commitment I would expect right now from a witness…that’s why I am going to sacrifice one of my 30 voted witnesses for him…
I wonder what would be the price of STEEM right now if the biggest accounts would also halt their Power Down…
What would happen if all of them stop feeding the exchanges for, let’s say, a couple of weeks or so?
Would it be positive for STEEM to recover?
Would STEEM move within the 30 first places of the total market cap? and, if so, would not be a major attraction for investors to come?
I think YES.
Why not a massive shout out in order to promote a STOP POWER DOWN MONTH aka SPDM?
Please, think about and resteem this post if you agree…
So here we are again at this price level that has become a sticking point for some time. We will see something new or more of the same?
Pendulum of Price
Looking at the daily chart of steem we see that this 40 cent area has been are line in the sand. Price closed above 40 cents a couple days ago and currently remains above it.
The real question is can we form some kind of base here to see possible price appreciation into the 50s.
Back in April it looked like price was firmly established above 40 cents and our upside wad near
Oil demand is shriveling as the trade war between the U.S. and China trips up the global economy.“Demand expectations for 2019 have so far been unrealistic,” said Mark Maclean, managing director at Commodities Trading Corp. in London, which advises on hedging strategies. “China has slowed faster than people expected and the trade war is still having a significant impact, the EU will not be a pocket for demand growth this year and the U.S. is also problematic.”Though the International Energy Agency expects oil consumption to grow by 1.3 million barrels a day this year, Wall Street has been turning more
Bitcoin’s 50- and 100-candle moving averages on the three-day chart look set to produce a bullish crossover – a sign of bull market momentum. Back in October 2015, the same cross marked the start of a long-term bull market.
This time, BTC has already rallied more than 180 percent ahead of the bull cross. As a result, we may not see a big move to the higher side immediately following the confirmation of the bull cross.
Prices could rise to $8,400 in the next 24 hours, having witnessed a bearish channel breakout on Wednesday. A break below key 4-hour chart support at $7,910 would weaken the case for a rise to $8,400.
With $63.2 million in fresh funding from 14 banks, Fnality is building tokenized versions of five major fiat currencies. The digitized fiat would be fully collateralized by cash held at central banks and is meant to solve the “cash on ledger” problem faced by other financial blockchain projects.
The consortium says it is open to working with JPMorgan, whose JPM Coin project has similar aims.
Fnality’s tech partner, Clearmatics, is building these systems on a private version of ethereum.
An Indian government-initiated program is offering a course for undergraduates to learn about cryptocurrency, blockchains, and their use cases. This 12-week interactive course is free to enroll and learn from. Among the topics covered are Bitcoin basics and consensus. Meanwhile, India’s regulatory framework for cryptocurrency is reportedly ready.
A learning platform called Swayam, which was initiated by the Indian Government’s Ministry of Human Resource Development, is offering a free computer science course on Bitcoin, cryptocurrencies and blockchains. This 12-week undergraduate course entitled “Blockchain Architecture Design and Use Cases” runs from July 29 to Oct. 18. The exam will be on Nov. 17 for those wanting to obtain a certificate from the course. This is an All India Council for Technical Education (AICTE) approved Faculty Development Programme (FDP) course.
“…The first issue of TENX Tokens to eligible token holders will be carried out on 13 June 2019.”
STEEM Trading Update by my friend @cryptopassion
Here is the chart of yesterday :
Here is the current chart :
So yesterday I was saying you that the best scenario was a pull back on the support line as consolidation and after the continuation of the UP. We dropped more deeper than the support line but it looks like the market want again come back on that line. We are now sitting on it and we need a break out in one of the directions.
This article was inspired by the Cointelegraph which article I read yesterday titled: “Is Bitcoin’s Increasing Anonymity a Threat to Privacy Coins?”. My post today is not written as a response to it, nor is it an attempt to debunk it. I disagree with the author a little, but I still think that he wrote a good article. It made me think for myself – which is exactly what good articles should do.
The article generally takes a dim view of the future of privacy coins. My opinion is the opposite of that. Let me tell you why, and then you can
Everywhere you look, the signs point to an awful rest of the year for Micron Technology (NASDAQ:MU). After a volatile second half of 2018, investors hoped that things would turn around in 2019. For a while, they did. From the January opener to April’s closing session, MU stock gained nearly 36%. But as you know, that bullishness crumbled shortly thereafter.For the first half of this year, sales to Chinese consumer-tech firm Huawei represented 13% of Micron’s total revenue. The jury’s still out on the impact on those sales from that “minor inconvenience” presented by the U.S. Department of Commerce labeling the
Universa (Bitfinex: UTNUSD) has broken out of the triangle pattern in the daily chart.
(Chart courtesy of Tradingview.com (log scale))
Elliott Wave Analysis
In Elliott Wave terms, Universa began a wave one advance on December 14, 2018. The red wave one (blue sub-waves i-ii-iii-iv-v) finished on January 5, 2019, and the red wave two (blue sub-waves a-b-c) correction ended on May 30. If this wave count is correct, Universa should be heading next towards the January 5 peak in the red wave three.
(Chart courtesy of Tradingview.com (log scale))
Universa blockchain platform is the first Russian blockchain platform for building business applications intended to address the tasks
Baidu (NASDAQ:BIDU) investors have seen better days. The stock has hit multiyear lows in each of the past four weeks, and what initially started as a drop to its lowest level in three years is now a five-year low. Shares of China’s leading search engine provider are now just a 9% decline away from falling to the double digits for the first time since the summer of 2013.
The Motley Fools article goes on to list three reasons why the stock price would head higher vs. lower, but I’m going to focus on just one of the reasons from a valuation